What is Areon Network (AREA)

Areon Network is creating a novel blockchain technology called Proof of Area. It offers faster and more dependable transactions, enhances the immersive metaverse experience, and includes loyalty rewards for users.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (AREA/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is Areon Network (AREA)
What is Areon Network (AREA)

What Exactly is Areon Network?

Areon Network aims to provide a fast, secure, and exceptional platform that combines the finest blockchain ecosystem services. The ecosystem has several core components that make it unique. MetAreon, an NFT marketplace, aims to increase NFT adoption and volumes with its faster and cost-effective solutions. Areon City, powered by Areon’s financial and technological infrastructure, provides all residents with the opportunity to buy and sell everything necessary for the entire ecosystem.

Meanwhile, the Proof of Area (PoA) algorithm is a new technology that combines Proof of Stake’s cost reduction and Proof of Work’s transaction security. It verifies all transactions made in the AREON blockchain ecosystem. Finally, the Areon Academy offers a better and more accessible way to learn with its online workshop.

What is Proof-Of-Area?

Proof-of-Area (PoA) is a new blockchain architecture based on Proof of Field for the validation of events sequence and transition. PoA is used to encode insecure time passages into the ledger as an additive data structure. When used together with a consensus algorithm like Proof-of-Work (PoW) or Proof-of-Stake (PoS), PoA can reduce messaging overhead on a Byzantine Fault Tolerant replica machine. This results in accuracy times of under one second. The protocol is tested on a 1 Gbps network, and the results indicate that with current hardware, a throughput of up to 600 thousand operations per second is achievable.

All transactions carried out in the AREON Blockchain ecosystem are verified using the Proof of Area algorithm, which is a unique algorithm for transaction verification. The algorithm utilizes user nodes to approve blockchain transactions by randomly selecting Areon Land shareholders in Areon City. Each confirmed transaction node distributes a block reward to all Area Landholders, proportional to the amount of Area Land they own. This cutting-edge technology has been developed by AREON NETWORK and is unprecedented in the blockchain space.

METAREON – The NFT Marketplace of Areon Network

Areon’s mission is to make NFTs more accessible for users. They are providing faster and more cost-effective solutions that increase the volume of the NFT world. They are also building a scalable cross-chain token network. Here, users can buy NFTs from the world’s top artists. They can also create their own and potentially become one of the best themselves.

Artists who use the platform can set the royalty rate for ongoing secondary sales of their works and continue to earn revenue forever. Even those who aren’t blockchain experts can easily create their artwork on the currently supported Binance Smart Chain thanks to the simple and fast interface provided by Areon Network.

Tokenomics of Areon Network

Tokenomics of Areon Network
Tokenomics of Areon Network. Source: Areon Whitepaper

Where to buy AREA Token

You can find AREA Token here at MEXC! We are listing AREA/USDT in our Innovation Zone!

What is the Price of AREA Tokens?

AREA token is currently trading at MEXC for $0.04043. It has a fully diluted market of $20,215,600. It also has a 24-hour trading volume of $5,065,563. You can check the live price of their token right here!

How to buy AREA Tokens on MEXC

You can buy AREA Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “AREA” using the search bar to see the available trading pairs. Take AREA/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of AREA you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy AREA] to confirm your order. You will find the purchased AREA in your Spot Wallet.

You can find a detailed guide on how to buy AREA Tokens here.

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